(Reuters) Marcato Capital Management sued Deckers Outdoor Corp on Monday to force the maker of UGG boots to hold its annual meeting and classify the hedge fund’s board nominees so the company could avoid millions of dollars in financial penalties. The lawsuit filed in Delaware Chancery Court heightens tensions between Deckers and the hedge fund, which has proposed replacing the company’s entire 10-member board.
Hedge Fund Marcato Sues Deckers Over Board Election
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